recent years in line with international banking guidelines the Turks and
Caicos Islands have adopted a policy of accepting only established banks
or the treasury operations of listed corporations. In 1998 Belize Bank
selected the Turks and Caicos Islands as the venue for its first venture
outside Belize making Belize Bank only the 4th bank ever to be licensed
in the Turks and Caicos Island for domestic purposes. The introduction
of mutual funds legislation was expected to attract further applications
for banking licences. There are seven licensed banks in the jurisdiction
(2007), most of which are licensed to carry out domestic and international
services from within the islands. All banking licences are subject to continual
detailed review. Whilst there are no published guidelines as to the minimum
capital, two of the main requirements are the submission of a detailed
business plan and the written consent of the home supervisory banking authority.
A national banking licensee holder must file monthly and quarterly statements.
An overseas banking licensee holder is required to file less detailed returns
on a quarterly basis. All banks must submit annual audited accounts. In
addition to this list of banks in Turks & Caicos, we also have a
list of properties currently available in Turks & Caicos.
a range of services including trust management, investments, corporate
management, offshore investment, asset protection, offshore trust, offshore
mutual funds, International Business Corporation and Investment Management.
Corporation formation, corporation maintenance and management, banking
and investment services, fiscal agency services, administrative services,
communication services and accounting services.